Last $60.25 USD
Change Today -0.32 / -0.53%
Volume 419.6K
As of 8:04 PM 04/23/14 All times are local (Market data is delayed by at least 15 minutes).

dresser-rand group inc (DRC) Snapshot

Open
$60.54
Previous Close
$60.57
Day High
$60.97
Day Low
$60.23
52 Week High
07/22/13 - $67.38
52 Week Low
02/18/14 - $51.46
Market Cap
4.6B
Average Volume 10 Days
696.3K
EPS TTM
$2.71
Shares Outstanding
76.5M
EX-Date
--
P/E TM
22.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for DRESSER-RAND GROUP INC (DRC)

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dresser-rand group inc (DRC) Details

Dresser-Rand Group Inc., together with its subsidiaries, designs, manufactures, sells, and services rotating equipment solutions to the oil, gas, chemical, petrochemical, process, power generation, military, and other industries worldwide. It operates in two segments: New Units, and Aftermarket Parts and Services. The New Units segment offers turbo and reciprocating compression equipment and steam turbines; power turbines; special-purpose gas turbines; hot gas expanders; gas and diesel engines; trip, trip throttle, and non-return valves; and magnetic bearings and control systems. This segment also provides engineering, manufacturing, project management, packaging, testing, sales, and administrative support services. The Aftermarket Parts and Services segment offers a range of aftermarket parts and services, including replacement parts, field service turnaround, service and repair, operation and maintenance contracts, rotor/spare parts storage, condition monitoring, controls retrofit, site/reliability audits, remote area energy solutions, equipment repair and rerates, equipment installation, applied technology, long-term service agreements, special coatings/weldings, product training, turnkey installation/project management, and energy asset management services. This segment also provides engineering, manufacturing, project management, installation, commissioning, start-up and other field services, repairs, overhauls, refurbishment, sales, and administrative support services. The company markets its products and services through its sales representatives comprising direct sales/service personnel and a network of independent representatives and distributors. Dresser-Rand Group Inc. was founded in 2004 and is headquartered in Houston, Texas.

8,100 Employees
Last Reported Date: 03/14/14
Founded in 2004

dresser-rand group inc (DRC) Top Compensated Officers

Chief Executive Officer, President and Execut...
Total Annual Compensation: $932.5K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $286.0K
Executive Vice President of Global Operations
Total Annual Compensation: $409.6K
Vice President, General Counsel and Secretary
Total Annual Compensation: $417.4K
Executive Vice President of Global Solutions
Total Annual Compensation: $364.4K
Compensation as of Fiscal Year 2013.

dresser-rand group inc (DRC) Key Developments

Dresser-Rand Group Inc. Presents at 42nd Annual Howard Weil Energy Conference, Mar-26-2014 10:45 AM

Dresser-Rand Group Inc. Presents at 42nd Annual Howard Weil Energy Conference, Mar-26-2014 10:45 AM. Venue: The Roosevelt New Orleans Hotel, 123 Baronne Street, New Orleans, LA 70112, United States. Speakers: Vincent R. Volpe, Chief Executive Officer, President and Executive Director.

Dresser-Rand Group Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Revises Earnings Guidance for the Year 2014; Announces Fixed Asset Impairment for the Fourth Quarter of 2013

Dresser-Rand Group Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported total revenues were $827.0 million compared to $844.4 million for the same period a year ago. Income from operations was $86.9 million compared to $137.6 million for the same period a year ago. Income before income taxes was $66.0 million compared to $124.5 million for the same period a year ago. Net income attributable to company was $32.8 million or $0.43 per diluted share compared to $80.2 million or $1.05 per diluted share for the same period a year ago. Total revenues decreased 2.1%, principally from the retroactive reduction of the tariffs in the draft Spanish regulation. Fourth quarter 2013 operating income and net income was decreased from the same period in 2012 principally as a result of the impact of the draft Spanish regulation of $62 million. For the full year, the company reported total revenues were $3,032.6 million compared to $2,736.4 million for the same period a year ago. Income from operations was $321 million compared to $335.9 million for the same period a year ago. Income before income taxes was $257.5 million compared to $275.7 million for the same period a year ago. Net income attributable to company was $168.4 million or $2.19 per diluted share compared to $179.0 million or $2.35 per diluted share for the same period a year ago. Total revenues increased 10.8% due to strong new unit bookings in 2012 and aftermarket growth in most geographic regions. Net cash used in operating activities was $66.8 million compared to net cash provided by operating activities of $92.8 million for 2012. The increase in net cash used by operating activities was principally due to an increase in internally measured working capital of approximately $316 million. Capital expenditures were $82.6 million compared to $73.3 million for the same period a year ago. As of December 31, 2013, total debt was $1,287.0 million and total debt net of cash and cash equivalents was approximately $1,088.5 million. This compares to total debt of $1,050.8 and total debt net of cash and cash equivalents of $910.4 at December 31, 2012. The increase in debt and total debt net of cash and cash equivalents is the result of increases in net working capital. As a result of the suspension of the company's energy assets, the company has reduced its 2014 revenue and operating income guidance by $125 million and $15 million to revenues of $2.9 billion to $3.1 billion and operating income of $377 million to $396 million. This is consistent with the guidance issued at the time of the earnings pre-release where the previous operating income range of $392 million to $411 million was identified to have $15 million of operating income risk. As this risk has now been validated, the company is now reflecting it in the current guidance with the understanding that favorable negotiations with the Spanish authorities could have a materially positive impact on 2014 income. The company expects its 2014 fully diluted earnings per share to be in the range of $2.60 to $2.80. This reflects revenues that are expected to be approximately the same as 2013 levels. The company also expects its full year bookings to be 5% to 10% higher compared to 2013. The company also reported fixed asset impairment of cogeneration facilities of $40.0 million for the fourth quarter of 2013.

Dresser-Rand Group Inc. announced delayed annual 10-K filing

On 03/03/2014, Dresser-Rand Group Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.

 

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Industry Analysis

DRC

Industry Average

Valuation DRC Industry Range
Price/Earnings 27.6x
Price/Sales 1.5x
Price/Book 3.6x
Price/Cash Flow 27.5x
TEV/Sales 1.0x
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